Xenohristos Theodoros 4
Research Summary
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CAVA Group (CAVA) Chief Concept Officer Xenohristos Theodoros Sells 965 Shares
What Happened Xenohristos Theodoros, Chief Concept Officer and a director at CAVA Group, sold 965 shares of CAVA common stock on January 21, 2026. The filing reports a weighted average price of $67.41 per share for the 965 shares allocated to him, for total proceeds of approximately $65,051. The sale was a mandatory "sell to cover" to satisfy tax withholding obligations associated with vested restricted stock units (RSUs), not a discretionary trade.
Key Details
- Transaction date: 2026-01-21; Form 4 filed: 2026-01-23 (timely filing).
- Reported price: $67.41 weighted average (allocation from a larger broker sale).
- Proceeds allocated to reporting person: ~$65,051 for 965 shares.
- Broker sold 52,702 shares on behalf of employees at prices ranging $67.05–$67.78; the $67.41 is the pro rata weighted average allocated to this reporting person (the filer can provide per-price allocation on request).
- Shares owned after transaction: Not specified in this filing.
- Footnotes: F1/F2 indicate the sale was mandatory to cover tax withholding on RSU vesting; F3 notes inclusion of unvested RSUs. The filer disclaims beneficial ownership of indirectly owned securities except to the extent of a pecuniary interest.
Context This transaction is a routine tax-withholding sale tied to RSU vesting (code F), which is common and typically does not signal an insider's change in view on the company. No options were exercised and no discretionary open-market selling was reported.